Sunday , 20 January 2019
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High growth necessary for poverty alleviation: Jaitley

PTI   NEW DELHI A high rate of growth is necessary to alleviate poverty and ensure that benefits of development reach the poor, Finance Minister Arun Jaitley said Thursday. Addressing the 25th World Congress of Savings and Retail Banks here, he also said an aspirational society cannot wait indefinitely for the benefits of growth to improve the quality of life ... Read More »

Delhi okays fitness tests for autorickshaws at all 13 offices

NEW DELHI To ease the load on the Transport Authority licensing centre at Burari, the Delhi government has permitted fitness of autorickshaw at all 13 zonal offices of the authority in the city, an official said on Thursday. “The government was planning to decentralize the transport authority as the load on it was high. Now autorickshaw owners have the liberty ... Read More »

Indian, Norwegian firms sign safety, risk management deal

IANS NEW DELHI UPL, a leading India-headquartered crop protection products company, and Gexcon AS, a Norway-based global leader in safety and risk management, have signed a memorandum of understanding (MoU) on innovation management in process safety. The MoU, signed in the presence of Norwegian Ambassador to India Nils Ragnar Kamsvag here on Wednesday, will enable UPL to strengthen the existing ... Read More »

India to be $10 trillion economy by 2035: Prabhu

IANS   NEW DELHI Union Minister for Commerce and Industry Suresh Prabhu on Wednesday said Indian economy will quadruple to $10 trillion by 2035 riding on business-friendly policies, structural reforms and transparency in governance. “India is growing at a fast rate and will be a $5 trillion economy in another 7-8 years. By 2035, it will be a $10 trillion ... Read More »

ECONOMIC SCAN

Bank of India registers net loss of `1,156 cr NEW DELHI: State-owned Bank of India on Monday reported a net loss of Rs 1,156.25 crore for the quarter ending September due to a jump in provisions for bad loans. The bank had posted a net profit of Rs 179.07 crore in the corresponding July-September period of the last fiscal. It had ... Read More »

 Punjab, Haryana procure over 215 lakh tonne paddy

CHANDIGARH Agrarian states Punjab and Haryana have procured over 215.65 lakh tonne of paddy this kharif season, food and supplies officials said on Wednesday. Punjab alone has procured over 150.37 lakh tonne of paddy till Tuesday evening, a Punjab government spokesman said. Out of this 149.44 lakh tonne has been procured by government agencies while 92,854 tonne has been procured ... Read More »

New train coaches from India to reach Sri Lanka

IANS   NEW DELHI/CHENNAI The Indian Railways will export the first state-of-the-art swanky and modern Diesel Multiple Units (DEMU) train rake to Sri Lanka in a week, rail officials said on Wednesday. A senior Railway Ministry official told IANS in New Delhi that the newly built DEMU rakes would be sent to Sri Lanka as soon as the cargo ship ... Read More »

India, US discuss free Indo-Pacific, cooperation in defence, trade

IANS SINGAPORE India and the US on Wednesday discussed their roles in a free Indo-Pacific region and cooperation in defence and trade sectors during a meeting between Prime Minister Narendra Modi and US Vice President Mike Pence on the sidelines of the East Asia Summit here. Briefing the media here following the meeting, Foreign Secretary Vijay Gokhale said that Modi ... Read More »

Is the RBI autonomy in peril?

D M Deshpande Much of the public spat between the RBI and the Ministry of Finance could have been avoided. Needlessly, it has raised temperatures on both the sides. As a result, real issues that need to be resolved amicably are  getting blurred. So far, markets have not been affected significantly. But if both sides try to pull the economy ... Read More »

Jindal Stainless opposes inclusion of stainless steel flat products in RCEP

UNI NEW DELHI Jindal Stainless on Tuesday strongly opposed inclusion of stainless steel flat products in the Regional Comprehensive Economic Partnership (RCEP) agreement. ‘’As India’s largest stainless steel producer and the leading voice in the stainless industry, we strongly oppose inclusion of stainless steel flat products (HS code 7219 & 7220) in the RCEP agreement. The move will open flood ... Read More »